Idaho Falls appreciation rates and housing market information

Idaho Falls housing market information

With 50,484 people, 19,826 houses or apartments, and a median cost of homes of $170,960, Idaho Falls real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Idaho Falls, accounting for 67.74% of the city's housing units. Other types of housing that are prevalent in Idaho Falls include duplexes, homes converted to apartments, or other small apartment buildings (13.72%), large apartment complexes or high rise apartments (12.15%), row houses and other attached homes (3.24%), and a few mobile homes or trailers (3.04%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Idaho Falls. Owner-occupied housing accounts for 65.02% of Idaho Falls's homes, and 48.58% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Idaho Falls's housing was primarily built during this period, from the '40s through the '60s. A full 43.55% of the city's housing hails from this era. Other housing ages represented in Idaho Falls include homes built between 1970-1994 (37.62%), and housing constructed from 1939 and earlier (11.37%). There's also some housing in Idaho Falls built between 1995 and later (7.46%).

Idaho Falls home appreciation rates

Real estate appreciation rates in Idaho Falls have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.61% during the period.

NeighborhoodScout's data show that during the latest twelve months, Idaho Falls home appreciation rates, at 1.37%, have been at or slightly above the national average. In the latest quarter, Idaho Falls's appreciation rate has been -0.06%, which annualizes to a rate of -0.24%.

Relative to Idaho, our data show that Idaho Falls's latest annual appreciation rate is higher than 59% of the other cities and towns in Idaho.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Idaho Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Idaho Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Idaho Falls real estate investment or home purchase decisions.